Pacific National Bank Sells Mixed-Use Property In Hollywood For $3.9 Million
SOLD
$3,900,000
Florida
See Similar DealsMixed-use147,877 SF
Sold 07/22/2022
SOLD
Pacific National Bank Sells Mixed-Use Property In Hollywood For $3.9 Million
1720 Harrison Street, Hollywood, Florida 33020, United States
See Similar DealsMixed-use147,877 SF
Sold 07/22/2022
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$26
Total Square Footage:147,877 SF
Transaction Type:Sale
A mixed-use property located at 1720 Harrison Street in Hollywood has been sold for $3,900,000. The property has a total area of 147,877 square feet, resulting in a price per square foot of approximately $26. The sale was facilitated by Alex Zylberglait and Michael Crocchiola from Marcus & Millichap, representing the seller, Pacific National Bank.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,900,000
- Address: 1720 Harrison Street
- Market: Hollywood
- Brokers: Alex Zylberglait & Michael Crocchiola - Marcus & Millichap
The sale of the property highlights the successful collaboration between Pacific National Bank as the seller, and the brokerage firm Marcus & Millichap, represented by Alex Zylberglait and Michael Crocchiola. The transaction further solidifies the demand for mixed-use properties in the Hollywood market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$208,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88
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